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November 23, 2024

Business Articles

RBZ slashes Interest rates to match changing global dynamics

Ashley Masakadza THE Reserve Bank of Zimbabwe(RBZ) has slashed interest rates from 150 percent to 130 percent per annum in response to changing local and global dynamics. The development, which was announced in yesterday’s Monetary Policy Statement is expected to...

Zim-Zambia’s 5 Billion Dollar Hydro Power Project On Hold as UNESCO denies approving it

ASHLEY MASAKADZA The much awaited $5 Billion dollar Hydropower joint project between Zimbabwe and Zambia is still on hold, after UNESCO revealed that it has not yet approved it to commence due to the environmental threats which it poses to the Batoka Gorge in Victoria...

Tanzania opens TPA office in  Zimbabwe to simplify the importation process

Vongai Masuka Tanzania has opened the Tanzania Ports Authority (TPA) office in Zimbabwe to simplify the importation of cars and other goods between the two countries. The opening of the new office is also set to reduce the distance and time needed to access goods....

Professor Ncube sets eyes on ending Inflation

Vongai Masuka The Minister of Finance, Economic Development and Investment Promotion , Professor Mthuli Ncube has set his eyes on ending inflation in the country to enhance development. Addressing journalists from the World Bank spring meeting in Marakesh, Morocco...
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